Slinger Bag Inc., in its first full year in operation, said it generated gross revenues of $11.2 million on sales of over 20,000 Slinger Bag tennis ball launchers and accessories. Gross profit for the year ended April 30 came to $3.1 million.
In its fourth quarter, gross profit was $1.6 million on sales of $3.5 million.
Accomplishments cited for the year for the Baltimore-based company included establishing an ambassador team led by tennis icon Tommy Haas, acquiring tennis SaaS technology platform Foundation Tennis, solidifying 50 distributor agreements across six continents, and partnering with top brands in tennis, including Dunlop and Wilson Sporting Goods.
“We are proud today to share our strong financial numbers from the 2020 fiscal year, our first full year of operations selling the Slinger Bag,” said Slinger CEO Mike Ballardie. “We have been continually impressed by the growing demand for the Slinger Bag, and we ended the fiscal year on a high note with our most successful quarter to date and sustained growth in both unit sales and overall revenues. We have been very busy into the new fiscal year as well and our internal plans and strategy are aggressive as we continue to build a leading connected sports company.”
Photo courtesy Slinger Bag